disneysteve
Thinks s/he gets paid by the post
- Joined
- Feb 10, 2021
- Messages
- 2,357
We have 2 taxable mutual funds that we have owned since the early 1990s, long before the companies were required to track cost basis. We sold shares of one fund when we bought our house but none since. We donated some shares of the other fund to charity once. We were on a monthly auto-investment plan with both of them for many years so shares were purchased in many different transactions. Then of course there were reinvested gains along the way which got us more shares.
I believe I have all, or nearly all, statements from day one. Is there any relatively easy way to calculate our cost basis at this point? Is there software that can do this for us?
We have no immediate need to sell any shares, and realistically may never need to do so. The two funds comprise just under 8% of our portfolio so we have plenty of other money. Obviously, the easiest outcome would be for our daughter to eventually inherit the holdings and get a stepped up basis at that time. If we did need to sell, though, how do we figure out our cost basis?
I believe I have all, or nearly all, statements from day one. Is there any relatively easy way to calculate our cost basis at this point? Is there software that can do this for us?
We have no immediate need to sell any shares, and realistically may never need to do so. The two funds comprise just under 8% of our portfolio so we have plenty of other money. Obviously, the easiest outcome would be for our daughter to eventually inherit the holdings and get a stepped up basis at that time. If we did need to sell, though, how do we figure out our cost basis?
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